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From $0 to $660,000 With A Roth IRA Read More »
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, played a pivotal role in the landmark decision to approve 11 spot bitcoin exchange-traded funds (ETFs) through his deciding vote. Prior to the approvals, the SEC held a vote on spot bitcoin ETFs, with two commissioners in favor and two opposing. Gensler's vote
Gary Gensler’s Vote Tips the Scales in Favor of Spot Bitcoin ETF Approvals Read More »
The highly anticipated launch of U.S. spot bitcoin exchange-traded funds (ETFs) sparked a trading frenzy on their inaugural day of trading, accumulating a combined trading volume of $4.6 billion. Blackrock, the world's largest asset manager, made a strong debut with over $1 billion in trading volume for its Ishares Bitcoin Trust (IBIT). Fidelity Wise Origin
U.S. Spot Bitcoin ETFs Generate $4.6 Billion in Trading Volume on Debut Read More »
Robert Kiyosaki Increases Bitcoin Holdings After SEC Green-Lights Spot BTC ETFs Renowned author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has recently disclosed that he has purchased additional bitcoin following the U.S. Securities and Exchange Commission's (SEC) approval of 11 spot bitcoin exchange-traded funds (ETFs). Kiyosaki, who has been an outspoken critic
Robert Kiyosaki Increases BTC Holdings After SEC Approval of Spot Bitcoin ETFs Read More »
A New Era with SEC's ETF Approvals and the Market's Reaction The recent approval of spot bitcoin ETFs by the United States Securities and Exchange Commission (SEC) marks a significant milestone in the regulation of cryptocurrencies. However, the market's response to this approval was unexpectedly subdued, with bitcoin's price movement remaining relatively stable. This article
Bitcoin ETF Approvals and the Market’s Attention on Spot Ether ETFs Read More »
Commissioner Crenshaw Raises Concerns about Investor Protection and Market Integrity SEC Commissioner Caroline A. Crenshaw has expressed her dissent following the SEC's approval of spot bitcoin ETFs. In a letter, she raises serious concerns regarding investor protection and market integrity. Inconsistency with the SEC's Mandate Crenshaw argues that the approval of rule changes allowing the
SEC Commissioner Critiques Spot Bitcoin ETF Approval Read More »
Introduction An independent nonprofit organization has expressed its disappointment and concern over the recent approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Better Markets, a nonprofit organization dedicated to promoting public interest in financial markets and the economy, argues that the approval has allowed for the mass marketing
Independent Nonprofit Organization Criticizes SEC Approval of Bitcoin ETFs Read More »
Shifting the Narrative: Bitcoin as a Protective Asset In a recent interview with CNBC, BlackRock CEO Larry Fink expressed a positive perspective on Bitcoin, stating that it "is an asset that protects you." Fink compared Bitcoin to gold, emphasizing its role as a safeguard against geopolitical risks and personal uncertainties. This recognition from the head
BlackRock CEO Larry Fink: Bitcoin is an Asset Class that Protects You Read More »
Introduction In November 2023, six AI-driven chatbots were queried to forecast the value of bitcoin by year-end, with their projections spanning from $15,000 to $45,000 per bitcoin. As of the initial week of January 2024, bitcoin's trading value reached $47,000, coinciding with the approval of 11 spot bitcoin exchange-traded funds (ETFs) in the U.S. With
AI Chatbots Predict Bitcoin Price for End of 2024 Read More »
Reduced NAV Discount Prompts GBTC Outflows Last week, the U.S. Securities and Exchange Commission (SEC) approved the debut of 11 diverse spot bitcoin exchange-traded funds (ETFs). These ETFs experienced a substantial $7.65 billion in trading volume in their initial two days on the market. While new entrants enjoyed strong inflows, Grayscale's GBTC encountered notable outflows.